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Semenov [28]
3 years ago
13

In a _________, the underwriters agree to make an attempt to sell the IPO for the firm. If the underwriter can get enough invest

or commitments then the IPO will occur. If sufficient investor interest does not exist the issue may be canceled
Business
1 answer:
maxonik [38]3 years ago
6 0

Answer:

best efforts

Explanation:

As it name suggests, a best efforts IPO takes place when an underwriter cannot commit completely to a client because the market interest in the firm is not certain. So the underwriter "promises" to make its best effort to carry out a successful IPO, but cannot guarantee it. On the other hand, when the market interest is very large, underwriters themselves purchase the entire IPO  through a firm commitment IPO.

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3 years ago
Assume Clarks cannot estimate the standalone selling price of a pair of SunBoots sold without a coupon. Prepare a journal entry
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Answer and Explanation:

The journal entry is shown below:

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3 years ago
Stock J has a beta of 1.26 and an expected return of 13.46 percent, while Stock K has a beta of .81 and an expected return of 10
Oxana [17]

Answer:

J = 0.422

K = 0.58

Explanation:

When a portfolio is said to have risk that is equal to market, this means that the beta is equal to 1.

Let us define the weight of stock J = x

Let us define the Weight of stock K = (1-x)

To get the The Beta of portfolio = (x*1.26) + ((1-x)*0.81) = 1

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Approximately 0.58

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